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Technology Stocks : Compaq
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To: Night Writer who wrote (92193)7/18/2001 5:24:48 PM
From: tonyt  Read Replies (1) of 97611
 
After The Bell - IBM, tech shares fall

Jul 18 2001 16:56PM

NEW YORK, July 18 (Reuters) - - Technology stocks ticked
lower in after-hours trading on Wednesday, as investors waded
through a slew of earnings reports including one from computer
giant International Business Machines Corp. .
IBM reported a higher second-quarter profit on Wednesday as
the world's largest computer maker's wide range of products and
services buffered it from a downturn in the high-tech economy.
The company's shares, nevertheless, tumbled, slumping to
$100 on the Instinet electronic brokerage system from
Wednesday's close of $104.28. During the regular trading
session, IBM fell $4.25, or nearly 4 percent.
The Nasdaq-100 After Hours Indicator was down 0.4 percent.
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